EBL, Trust Bank sign deal on money transfer

Eastern Bank Ltd (EBL) has signed an agreement with Trust Bank Ltd for the money transfer service Ria, a US-based global money transfer company whose Bangladesh agent is Trust Bank.

Humaira Azam, managing director and CEO of Trust Bank, and Ali Reza Iftekhar, managing director and CEO of EBL, inked the deal at the latter's head office in Gulshan on Monday, said a press release.

EBL's partnership with Trust Bank and Ria aims to boost the efficiency and accessibility of remittance services for expatriate Bangladeshis across the globe where Ria has widespread presence, it said.

AKM Nazmul Hossain, country manager of Bangladesh at the money transfer provider, and other senior officials from all the parties were present.